February 2009 Housing Market Statistics
Good Monday Morning!
It was a wonderful Easter Weekend even though the weather was just a little cool and wet.
The numbers are in for what took place in February's Real Estate market here in the Eugene and Springfield area. Closed home sales for February of 2009 dropped by 31.8% from the number of closed sales in February of 2008. New listings decreased by 34.8% over the same period of time.
On a positive note, closed sales were up 53.7% in February of 2009 in comparison to January of 2009. The inventory of homes active on the market was at 13.1 months compared to 20.6 months in January and then compared to 9 months of inventory in February of 2008. The average time it for a home to be on the market was at 135 days in February. The average sales price for February of 2009 was $230,400 compared to that of $237,900 in February of 2008.
All in all there are postive signs for our local Real Estate Market. With mortgage interest rates remaining at historical low levels the market just may continue to improve a little bit at a time. You could not ask for a better market to purchase a home in.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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5075 G ST, Springfield, Oregon
Description: Very charming home with well-landscaped front & back yard. Completely remodeled inside with fresh paint, new carpet and flooring throughout. Fantastic garage with work area. Well-fenced & spac .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
